to implement a new industry contribution to fund the regulatory and financial intelligence unit functions of the Australian Transaction Reports and Analysis Centre by: creating the liability for a leviable entity for a financial year to pay the industry contribution levy in that financial year; enabling the Australian Transaction Reports and Analysis Centre CEO to specify the date for payment of instalments of the levy; providing for late payment penalties; and requiring an independent review of the levy to be undertaken.

to implement a new industry contribution to fund the regulatory and financial intelligence unit functions of the Australian Transaction Reports and Analysis Centre by: enabling the minister to determine the amount of levy payable by legislative instrument; and setting a statutory limit on the contribution amount levied.

Amends 22 Acts to respond to the threat posed by Australians engaging in, and returning from, conflicts in foreign states by: providing additional powers for security agencies; strengthening border security measures; cancelling welfare payments for persons involved in terrorism; and implementing recommendations made by the Independent National Security Legislation Monitor’s second and fourth annual reports and the Report of the Council of Australian Governments Review of Counter-Terrorism Legislation. Also repeals the

to enable a visa to be cancelled or refused for certain non-citizens by: broadening the power to refuse to grant or to cancel a visa on character grounds; allowing the minister to require a state or territory agency to disclose personal information relevant to the character test; providing for lower thresholds for cancelling temporary visas; strengthening ministerial decision making powers in relation to general visa cancellation provisions; and introducing a mandatory visa cancellation for certain non-citizens who do not pass the character test.

to provide that companies can carry tax losses forward to use as a deduction for a future year;

Income Tax Assessment Act 1997

to: amend the instant asset write-off threshold provisions for small business entities; provide that motor vehicle purchases made by small business entities will be treated as normal business assets for depreciation purposes; and provide that geothermal energy exploration and prospecting expenditure are no longer immediately deductible;

Superannuation Guarantee (Administration) Act 1992

to enable the Treasurer by non-disallowable legislative instrument to vary the superannuation guarantee charge percentage for a particular year commencing on 1 July;

in relation to contraventions of civil penalty provisions of industry codes (the franchising code) by: enabling regulations to be made prescribing pecuniary penalties; and requiring the Australian Competition and Consumer Commission to issue infringement notices.